FEMSA completes acquisition of Valora
The Mexican group has announced the settlement of its public tender offer which will continue by the delisting procedures for Valora shares.
Fomento Económico Mexicano (FEMSA) has announced the settlement of its public tender offer by it’s wholly-owned subsidiary Impulsora de Marcas e Intangibles for all publicly held registered shares of Valora Holding AG. As previously announced, the transaction was completed successfully on October 7, 2022.
“We are excited to have completed the acquisition of Valora as it marks the beginning of our fruitful joint future. I would like to thank our employees and other key stakeholders who have shown their support throughout the acquisition process. We look forward to further expanding on Valora’s successful strategy with the continued support of Valora’s management and team members to jointly develop the European market leader in convenience stores and food service,” said Daniel Alberto Rodríguez Cofré, CEO of FEMSA.
FEMSA currently holds 97.77% of the share capital of Valora and intends to initiate a squeeze-out procedure and request the cancellation of the remaining publicly held shares. The firm further intends to delist the Valora shares from trading on SIX Swiss Exchange.
“Today marks another milestone in the history of Valora. We will further reinforce our already strong European market position as part of a larger, global organization. Joining forces with FEMSA will allow us to accelerate our growth-oriented strategy in the convenience store and food service business as well as boost our capacity for innovation and digitalization,” added Michael Mueller, CEO of Valora.
Valora currently operates around 2,700 small-scale points of sale located in Switzerland, Germany, Austria, Luxembourg and the Netherlands. The company includes, among others, k kiosk, Brezelkönig, BackWerk, Ditsch, Press & Books, avec, Caffè Spettacolo and ok.– as well as a continuously growing range of digital services.
